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The average variable costs of a company are equal to $20 per unit produced at its current level of output in the short run. Its
The average variable costs of a company are equal to $20 per unit produced at its current level of output in the short run. Its average fixed costs are equal to $30 per unit produced. The total costs at this output level are equal to $2,500.
- What is the company's current output level? (10 points)
- What are the total variable costs at this output level? (5 points)
- What are the total fixed costs? (5 points)
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